The typical asking rate per listing is in the $30's per square foot per year. The Covina submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 63% increase in rent.
Compared to the rest of the Metropolitan Los Angeles market, the Covina region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 127 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Covina are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 6,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1980 and are Class B.
Real time and historical data on commercial real estate listings in Covina.
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